Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1887-06-16
THE GREAT wasAf PAr1o.
ssvsrs, More Gamblers Hisld 10 the In.
ev,t.bis-New York MsnipulatoTs 60
Undor.

sewers. More Gamblers field 10 the In.
Und0r.
CHICAGO, June 10 This has been Q
| day OF wild excitement in the wheat
market. Kershaw & 90. were o6i cially
posted As having failed to 60 through
the Clearing House, and then the ex
citment was itensifed.
The utmost uncertainty prevailed to.
night regarding the stntus OF the $500.
600 said TO have been brought from Cin-
oinpati this morning by Wiltshire, of
the Fidelity Bank, and supposed early
In the day to have been deposlAd d In the
American Exchange Bank to the credit
| OF Ker,hsw & 90. No: . few persons
went so far as to declare that the $780,.
900 was myth.
STORY OF THE DAY.
Every body was on the qui vlve for
developments and while excitement i'd
not run - high rs yesterday the feeling
Was far more nervous aud feveiish
The uncertainty Of the fnsn cial stand
ing OF como of the houses was what
caused the greatest anxiety, and as ons
firm after anOther-some twelve to
fourteen in all-7Ave notics that they
wore unable 10 further margin their
trades and asked to have trades closed
ont, tbs anxiety increased, not know wing
who would be next. Outside fi1ences
counted for nothing; everything de
pended on local developments. Many
com mission merchants have refus ed
Temporarily to make now trades aud
are giving all their attention 10 the sel-
Ting mp Of their cid busi ness.
The pening was wild md exciting,
and - the announcement was III Ade by
one OF the principal firms connected
with the "lOng" side that all the mar
gins would be put mp the market be-.
came very strong and prices were, after
numerous sudden fluctuations. started
up, advancing to . point 81 cents
higher for June, ~ cents higher for
July. and 1Al15 ceuts higher for the
other futures than the closing figures OF
yesterday.
FRIGHTRNED OPERATIONS
Operators expected some further i'm.
portsnt announcement at noon and for
reigned, but in this short interval the
hands OF the waea. iedicator quietl.
recorded q drop Of 4 cent and 1 cent at
9ty tOuSiCu ~ C0utb.
But the reaction came, and the price
| OF July gradually shot up one hall
cent and one cent at q time, eelling to
73 cents followed by numerous iuctua
tions. Tae decline for July from the
hiRheet point TO day was 621 cents, aud
from ths highest point reached las,
week 1T99s cents, closing about esI cents
lower thsn yss.erday'e c'osing.
Il lima narlir,Af ca,.a frn1. No
highest point reached this morning and
2524 cents from the highest point reach.
ed last week. closing 4M cents Lower
than yesterday. The more deferred
futures ruled premium over near IN
tures, but all sold lower, August at
times 4 cents; Ssptem Der 8
and December s cents lower than
o'osipg figures OF yesterday afternoon
and closed from 8 10 cents lover
THE FIRMS THAT WENT UNDER.
S0oa after the .opeping Pres knight
announ oed the failures of j. II. Yous,
Il Co., b. J. McCiesry and s. G Or.
The suspension OF these firms did not
cause any excitement an they were In
no way identified with the CLIQUE
Among the other failures were those Of
Pickerit g q Co., 8. M. Robinson, Crofrs
~ Oo.. L. b. baiding q Co., Crosby q
Co., Hlbbard & Co., and M B. Oats,
Balding u 90 claim to be even on Il"
| market. The suspension of Hibbard &,
Co. and Crosby & Co. caused some sui.
prise az both came unexpectedly. Hib
bard u Go. claim to be solvent.
NEW YORK BROKERS SUSPEND.
New YORK, June Is Maurice
RosenHeld, of Rosen field & Co, oi
Chicago. and . member OF the Stock
Exchange here announced his suspen
sion this morning. Later on Charlei
Hewroken. q Chicago operator, wht
Joined the New York Stock Exchange
In 1885, notified the Exchange that b,
could not meet his contracts. The whea
market was devoid of interest durip(
the day, though somewhat excited anj
nervous. There was q drop of two
cents.